EV newcomer Xiaomi is already developing a second model to compete with the Tesla Model Y
Just over a month after launching its first-ever EV, smartphone specialist Xiaomi is reportedly well into the development of an encore model. Per the report, Xiaomi Automobile has already been benchmarking an all-electric SUV model against the Tesla Model Y and may be competing against it in the market sooner than you’d think.
It’s been just over three years since Chinese electronics manufacturer Xiaomi announced a new EV-focused arm called Xiaomi Automobile. During that time, we followed much of the smartphone developer’s transition into automotive manufacturing, which ended up progressing faster than even it had anticipated.
Those efforts culminated in Xiaomi’s first model – the SU7 sedan, which gained some serious clout when it debuted this spring, garnering over 50,000 orders in the first 27 minutes of going on sale in China.
With its SU7 order books now sitting at over 100,000 units, Xiaomi has begun wielding its production expertise to ramp up its output to meet demand. In the first 32 days of SU7 production, the new automaker reported that it had already built 10,000 units en route to 90,000 more targeted before the end of the year.
While the SU7 continues to make its mark on the EV market, Xiaomi is reportedly already deep into developing a second model to compete against the global EV market’s current best-seller, the Tesla Model Y.
Xiaomi gets rolling in China, sets its sights on Tesla
Per a report by Bloomberg, Xiaomi’s second all-electric model will be a compact SUV similar to the ever-popular Tesla Model Y. A person familiar with the matter said that Xiaomi was already benchmarking the Model Y during the incoming SUV’s development, setting the stage for s showdown between the smartphone specialist and the American automaker in China.
When Xiaomi began brainstorming its new EV arm three years ago, an SUV was part of the initial plans, but ultimately, it decided to focus on the SU7 sedan first, which remains its priority at the moment.
That being said, the Tesla Model Y competitor is already in the works, and Xiaomi is reportedly targeting a start of production by late 2025 once the second phase of its EV production facility in Yizhuang, Beijing, is completed.
That facility is expected to reach an annual production capacity of 300,000 units annually. Phase one is expected to be completed next month, offering Xiaomi a capacity of about 150,000 EVs annually. Phase two is scheduled to begin expansion sometime in 2024.
According to Chinese media outlet 36kr, Xiaomi also plans to launch a third, lower-priced EV model after the SU7 sedan and SUV to compete against Tesla, but the automaker has not confirmed those plans.
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On today’s sunny side up episode of Quick Charge, we take a look at the latest from the world of solar power, and discuss Congressional Republicans’ plans to limit your energy independence by eliminating a critical tax credit for homeowners nearly ten years early. (!)
We’ve also got a quick review of a massive solar farm powering 200,000 homes in Indiana and the biggest solar project East of the Mississippi – both part of a record 98% of all new power generation and grid capacity introduced in 2025 coming from wind and solar. Those are jobs, those are lower utility rates, those are energy independence … so why are Congressional Republicans working to make that more expensive?
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If you want to read that EnergySage report on the state of the home solar industry, including news about battery energy storage system and V2H/V2G prices and financing trends, you can check it out for yourself, below, then let us know what you think in the comments.
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If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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A Waymo autonomous vehicle drives along Masonic Avenue on April 11, 2022 in San Francisco, California.
Justin Sullivan | Getty Images News | Getty Images
Alphabet’s Waymo unit has received approval to expand its autonomous ride-hailing service to more parts of the San Francisco Bay Area, including San Jose.
In March, the company submitted a request to the California Public Utilities Commission to gain approval for its latest passenger safety plan, a key step in gaining permission to operate driverless vehicles across a broader area. On Monday, the proposed expansion was approved, allowing for Waymo’s driverless coverage to extend from San Francisco down through the Peninsula.
“We’re very excited to share that the CPUC has approved our application to operate our fully autonomous commercial ride-hailing service in the South Bay and nearly all of San Jose!” the company wrote in a post on X on Monday. “While this won’t change our operations in the near-term, we’re looking forward to bringing the benefits of Waymo One to more of the Bay Area in the future.”
The $5 billion Empire Wind is back in business. The Trump administration’s Bureau of Ocean Energy Management (BOEM) has lifted its stop-work order for Empire Wind, a major offshore wind project off the coast of New York led by Empire Offshore Wind LLC, a subsidiary of Equinor. Construction is now allowed to resume.
Equinor CEO Anders Opedal welcomed the news, saying the restart reinforces Equinor’s commitment to delivering clean energy while supporting local economies and saving thousands of jobs. He also credited a wide coalition of officials for helping get the project back on track, including Trump, New York Governor Kathy Hochul, and congressional leaders like Senator Chuck Schumer and Representative Dan Goldman. Opedal also thanked the Norwegian prime minister and the minister of finance for raising the issue with the US administration.
Governor Hochul said in a statement that “countless conversations with Equinor and White House officials” had taken place.
Neither the BOEM nor the Department of the Interior has issued a comment.
The Trump administration halted construction of the 54-turbine Empire Wind on April 16, but discussions between Equinor, regulators, and leaders at the federal, state, and city levels led to a reversal. That means Empire Wind can now push ahead with its goal of powering 500,000 New York homes with offshore wind energy.
“This project delivers on the energy ambitions shared by the US and New York by providing a vital new source of power to the region,” said Molly Morris, president of Equinor Wind US. She added that Empire Wind is boosting supply chain investments across the country, with activity in New York, Louisiana, Pennsylvania, Texas, and South Carolina.
Equinor plans to reassess the project’s financials in the second quarter. The goal is still to install turbines offshore in 2025 and hit full commercial operation by 2027. The company says it will work with suppliers and regulators to minimize any delays from the month-long pause.
Empire Wind was first awarded its offshore lease in 2017 after a competitive federal process. It received its final construction green light in early 2024 following an extensive environmental review. Construction kicked off shortly after, and the project is now over 30% complete.
The US is a major market for Equinor. The Norwegian energy giant says it has invested around $60 billion in US energy projects since the early 2000s, more recently in low-carbon solutions, critical minerals, and renewables. Empire Wind is one of its flagship projects in the US.
Read more: Trump admin halts $5 billion NY offshore wind project mid-build
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links. More.
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